Oasis Management Co Ltd. Sells 9,400 Shares of Stratus Properties (NASDAQ:STRS) Stock

Stratus Properties Inc. (NASDAQ:STRS) major shareholder Oasis Management Co Ltd. sold 9,400 shares of Stratus Properties stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $30.17, for a total value of $283,598.00. Following the completion of the sale, the insider owned 1,119,243 shares of the company’s stock, valued at $33,767,561.31. The trade was a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Oasis Management Co Ltd. also recently made the following trade(s):

• On Wednesday, April 8th, Oasis Management Co Ltd. sold 3,148 shares of Stratus Properties stock. The stock was sold at an average price of $30.08, for a total value of $94,691.84.
• On Thursday, April 2nd, Oasis Management Co Ltd. sold 5,417 shares of Stratus Properties stock. The stock was sold at an average price of $30.11, for a total value of $163,105.87.

Stratus Properties Stock Performance

NASDAQ STRS traded up $0.37 during trading hours on Thursday, hitting $30.60. The company’s stock had a trading volume of 5,819 shares, compared to its average volume of 13,194. Stratus Properties Inc. has a 12 month low of $15.10 and a 12 month high of $32.93. The company’s 50 day simple moving average is $30.14 and its two-hundred day simple moving average is $24.97. The company has a market cap of $244.19 million, a P/E ratio of 20.96 and a beta of 1.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.99 and a quick ratio of 3.67.

Stratus Properties (NASDAQ:STRS) last released its quarterly earnings data on Friday, March 27th. The financial services provider reported $2.41 EPS for the quarter. Stratus Properties had a return on equity of 3.66% and a net margin of 40.06%.The company had revenue of $8.30 million during the quarter.

Analyst Ratings Changes

A number of equities research analysts have issued reports on STRS shares. Weiss Ratings restated a “sell (d)” rating on shares of Stratus Properties in a research note on Friday, March 27th. Wall Street Zen upgraded Stratus Properties from a “sell” rating to a “buy” rating in a research note on Saturday, April 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Stratus Properties

Large investors have recently made changes to their positions in the company. State Street Corp grew its stake in shares of Stratus Properties by 2.9% during the 4th quarter. State Street Corp now owns 88,136 shares of the financial services provider’s stock valued at $2,131,000 after purchasing an additional 2,446 shares during the period. Wells Fargo & Company MN grew its stake in shares of Stratus Properties by 46.2% during the 4th quarter. Wells Fargo & Company MN now owns 7,488 shares of the financial services provider’s stock valued at $181,000 after purchasing an additional 2,367 shares during the period. MetLife Investment Management LLC bought a new stake in shares of Stratus Properties during the 4th quarter valued at about $93,000. Nuveen LLC bought a new stake in shares of Stratus Properties during the 4th quarter valued at about $206,000. Finally, Geode Capital Management LLC grew its stake in shares of Stratus Properties by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 160,080 shares of the financial services provider’s stock valued at $3,872,000 after purchasing an additional 1,393 shares during the period. 61.63% of the stock is currently owned by institutional investors.

About Stratus Properties

Stratus Properties, Inc (NASDAQ: STRS) is a publicly traded real estate investment and management company focused on acquiring, owning and operating single-tenant commercial properties in the United States. The company targets net?lease assets in the office, industrial and retail sectors, seeking long-term, creditworthy tenants under triple-net leases that transfer property-related expenses to lessees. Stratus Properties employs a disciplined investment strategy designed to generate stable, risk-adjusted returns for its shareholders.

Since its initial public offering in 2014, Stratus Properties has built a diversified portfolio of properties across major metropolitan and secondary markets.